Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2018 | Jul. 31, 2018 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | DCPH | |
Entity Registrant Name | DECIPHERA PHARMACEUTICALS, INC. | |
Entity Central Index Key | 1,654,151 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Common Stock, Shares Outstanding | 37,657,201 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Current assets: | ||
Cash and cash equivalents | $ 346,527 | $ 196,754 |
Prepaid expenses and other current assets | 2,221 | 1,428 |
Total current assets | 348,748 | 198,182 |
Long-term investments-restricted | 1,069 | |
Property and equipment, net | 18,264 | 838 |
Other assets | 75 | 75 |
Total assets | 368,156 | 199,095 |
Current liabilities: | ||
Accounts payable | 6,938 | 4,395 |
Accrued expenses and other current liabilities | 11,790 | 9,233 |
Notes payable to related party | 187 | 187 |
Total current liabilities | 18,915 | 13,815 |
Notes payable to related party, net of current portion | 1,201 | 1,294 |
Lease liability, net of current portion | 16,896 | |
Other long-term liabilities | 47 | 13 |
Total liabilities | 37,059 | 15,122 |
Commitments and contingencies (Note 8) | ||
Stockholders' equity: | ||
Preferred stock value | ||
Common stock value | 376 | 326 |
Additional paid-in capital | 569,710 | 379,516 |
Accumulated deficit | (238,989) | (195,869) |
Total stockholders' equity | 331,097 | 183,973 |
Total liabilities and stockholders' equity | $ 368,156 | $ 199,095 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2018 | Dec. 31, 2017 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 125,000,000 | 125,000,000 |
Common stock, shares issued | 37,633,450 | 32,591,686 |
Common stock, shares outstanding | 37,633,450 | 32,591,686 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Income Statement [Abstract] | ||||
Revenue | $ 0 | $ 0 | $ 0 | $ 0 |
Operating expenses: | ||||
Research and development | 17,976 | 8,446 | 34,901 | 14,105 |
General and administrative | 4,453 | 2,244 | 9,479 | 4,311 |
Total operating expenses | 22,429 | 10,690 | 44,380 | 18,416 |
Loss from operations | (22,429) | (10,690) | (44,380) | (18,416) |
Other income (expense): | ||||
Interest expense | (21) | (24) | (43) | (49) |
Interest and other income, net | 760 | 89 | 1,303 | 131 |
Total other income (expense), net | 739 | 65 | 1,260 | 82 |
Net loss and comprehensive loss | $ (21,690) | $ (10,625) | $ (43,120) | $ (18,334) |
Net loss per share-basic and diluted | $ (0.65) | $ (0.91) | $ (1.30) | $ (1.58) |
Weighted average common shares outstanding-basic and diluted | 33,567,314 | 11,626,287 | 33,083,383 | 11,626,287 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Cash flows from operating activities: | ||
Net loss | $ (43,120) | $ (18,334) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Stock-based compensation expense | 4,269 | 1,010 |
Depreciation and amortization expense | 130 | 62 |
Loss on disposal of property and equipment | 6 | |
Changes in operating assets and liabilities: | ||
Prepaid expenses and other current assets | (793) | 211 |
Accounts payable | 2,225 | 446 |
Accrued expenses and other current liabilities | 2,272 | 1,500 |
Other long-term liabilities | 34 | 16 |
Net cash used in operating activities | (34,983) | (15,083) |
Cash flows from investing activities: | ||
Purchases of property and equipment | (606) | (74) |
Increase in restricted investments | (1,069) | |
Net cash used in investing activities | (1,675) | (74) |
Cash flows from financing activities: | ||
Proceeds from follow-on public offering, net of underwriting discounts and commissions | 185,932 | |
Proceeds from issuance of convertible preferred shares | 52,300 | |
Repayment of notes payable to related party | (93) | (93) |
Payments of follow-on public offering costs | (125) | |
Payments of convertible preferred share issuance costs | (187) | |
Payments of initial public offering costs | (332) | |
Proceeds from exercise of stock options | 717 | |
Net cash provided by financing activities | 186,431 | 51,688 |
Net increase in cash and cash equivalents | 149,773 | 36,531 |
Cash and cash equivalents at beginning of period | 196,754 | 57,461 |
Cash and cash equivalents at end of period | 346,527 | 93,992 |
Cash paid for interest | 43 | 49 |
Amounts capitalized under build-to-suit lease transaction | 17,028 | |
Offering costs included in accounts payable or accrued expenses | $ 549 | $ 1,699 |
Nature of the Business and Basi
Nature of the Business and Basis of Presentation | 6 Months Ended |
Jun. 30, 2018 | |
Accounting Policies [Abstract] | |
Nature of the Business and Basis of Presentation | 1. Nature of the Business and Basis of Presentation Deciphera Pharmaceuticals, Inc. (the “Company”) is a clinical-stage biopharmaceutical company developing new drugs to improve the lives of cancer patients by addressing key mechanisms of drug resistance that limit the rate and durability of response of many cancer therapies. The Company’s targeted, small molecule drug candidates, designed using its proprietary kinase switch control inhibitor platform, inhibit the activation of kinases, an important family of enzymes, that, when mutated or over expressed, are known to be directly involved in the growth and spread of many cancers. On October 2, 2017, immediately prior to the completion of its initial public offering (“IPO”), the Company engaged in a series of transactions whereby Deciphera Pharmaceuticals, LLC became a wholly owned subsidiary of Deciphera Pharmaceuticals, Inc., a Delaware corporation. As part of the transactions, shareholders of Deciphera Pharmaceuticals, LLC exchanged their shares of Deciphera Pharmaceuticals, LLC for shares of Deciphera Pharmaceuticals, Inc. on a one-for-5.65 On October 2, 2017, Deciphera Pharmaceuticals, Inc., completed the IPO, pursuant to which it issued and sold 7,500,000 shares of common stock at the IPO price of $17.00 per share, resulting in net proceeds of $114.1 million after deducting underwriting discounts and commissions and other offering expenses. On October 4, 2017, the Company issued and sold an additional 666,496 shares of common stock at the IPO price of $17.00 per share pursuant to the underwriters’ partial exercise of their option to purchase additional shares of common stock, resulting in additional net proceeds of $10.5 million after deducting underwriting discounts and commissions. Upon the closing of the IPO, the Company’s outstanding convertible preferred shares automatically converted into shares of common stock. On June 11, 2018, the Company issued and sold 4,300,000 shares of its common stock in a follow-on The Company is subject to risks and uncertainties common to early-stage companies in the biotechnology industry, including, but not limited to, development by competitors of new technological innovations, dependence on key personnel, protection of proprietary technology, compliance with government regulations and the ability to secure additional capital to fund operations. Drug candidates currently under development will require significant additional research and development efforts, including extensive preclinical and clinical testing and regulatory approval prior to commercialization. These efforts require significant amounts of additional capital, adequate personnel and infrastructure and extensive compliance-reporting capabilities. Even if the Company’s drug development efforts are successful, it is uncertain when, if ever, the Company will realize significant revenue from product sales. The accompanying consolidated financial statements have been prepared on the basis of continuity of operations, realization of assets and the satisfaction of liabilities and commitments in the ordinary course of business. Since inception, the Company has incurred recurring losses including net losses of $43.1 million and $50.3 million for the six months ended June 30, 2018 and the year ended December 31, 2017, respectively. As of June 30, 2018, the Company had an accumulated deficit of $239.0 million. The Company expects to continue to generate operating losses in the foreseeable future. The Company expects that its cash and cash equivalents of $346.5 million as of June 30, 2018 will be sufficient to fund its operating expenses, capital expenditure requirements and debt service payments through at least 12 months from the issuance date of these consolidated financial statements. The future viability of the Company is dependent on its ability to raise additional capital to fund its operations. The Company expects its expenses to increase substantially in connection with ongoing activities, particularly as the Company advances its preclinical activities and clinical trials for its drug candidates in development. Accordingly, the Company will need to obtain substantial additional funding in connection with continuing operations. If the Company is unable to raise capital when needed, or on attractive terms, it could be forced to delay, reduce or eliminate its research or drug development programs or any future commercialization efforts. Although management continues to pursue these plans, there is no assurance that the Company will be successful in obtaining sufficient funding on terms acceptable to the Company to fund continuing operations, if at all. These consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated. These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2018 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | 2. Summary of Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Significant estimates and assumptions reflected in these consolidated financial statements include, but are not limited to, the accrual for research and development expenses, the valuation of common stock prior to the Company’s IPO, and the valuation of stock-based awards. Estimates are periodically reviewed in light of changes in circumstances, facts and experience. Changes in estimates are recorded in the period in which they become known. Actual results could differ from those estimates. Unaudited Interim Financial Information The consolidated balance sheet at December 31, 2017 was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. The accompanying unaudited consolidated financial statements as of June 30, 2018 and for the three and six months ended June 30, 2018 and 2017 have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The Company believes, however, that the disclosures are adequate to make the information presented not misleading. These consolidated financial statements should be read in conjunction with the Company’s audited financial statements and the notes thereto for the year ended December 31, 2017 included in the Company’s Annual Report on Form 10-K Fair Value Measurements Certain assets and liabilities are carried at fair value under GAAP. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. Financial assets and liabilities carried at fair value are to be classified and disclosed in one of the following three levels of the fair value hierarchy, of which the first two are considered observable and the last is considered unobservable: • Level 1—Quoted prices in active markets for identical assets or liabilities. • Level 2—Observable inputs (other than Level 1 quoted prices), such as quoted prices in active markets for similar assets or liabilities, quoted prices in markets that are not active for identical or similar assets or liabilities, or other inputs that are observable or can be corroborated by observable market data. • Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to determining the fair value of the assets or liabilities, including pricing models, discounted cash flow methodologies and similar techniques. The Company’s cash equivalents are carried at fair value, determined according to the fair value hierarchy described above (see Note 3). The carrying values of the Company’s accounts payable and accrued expenses approximate their fair values due to the short-term nature of these liabilities. The fair value of the Company’s outstanding notes payable to related party (see Note 6) as of June 30, 2018 and December 31, 2017 approximated $1.2 million. The fair value of the outstanding debt was estimated using a discounted cash flow analysis based on current market interest rates for debt issuances with similar remaining years to maturity, adjusted for credit risk, which represents a Level 3 measurement. Comprehensive Loss Comprehensive loss includes net loss as well as other changes in members’ deficit that result from transactions and economic events other than those with shareholders. There was no difference between net loss and comprehensive loss for each of the periods presented in the accompanying financial statements. Net Loss per Share Basic net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of common shares outstanding for the three and six months ended June 30, 2018. Diluted net income (loss) per share is computed by dividing the diluted net income (loss) by the weighted average number of common shares, including potential dilutive common shares assuming the dilutive effect of outstanding stock options and unvested restricted common stock, as determined using the treasury stock method. The Company did not have any common shares outstanding during the three and six months ended June 30, 2017. To determine the weighted average shares outstanding for purpose of calculating net loss per share during those periods, the Company used the weighted average number of Series A convertible preferred shares outstanding because such shares represented the most subordinate share class outstanding during those periods. Share amounts for periods prior to the IPO have been retrospectively adjusted to give effect to the exchange of Series A convertible preferred shares into shares of common stock upon the Conversion (see Note 1). For periods in which the Company has reported net losses, diluted net loss per common share is the same as basic net loss per common share, since dilutive common shares are not assumed to have been issued if their effect is antidilutive. The Company reported a net loss for the three and six months ended June 30, 2018 and 2017. The following potential dilutive securities, presented based on amounts outstanding at the end of each reporting period, have been excluded from the calculation of diluted net loss per share because including them would have had an anti-dilutive impact: As of June 30, 2018 2017 Series B convertible preferred shares (as converted to common shares) — 8,898,527 Series C convertible preferred shares (as converted to common shares) — 3,900,381 Options to purchase common stock 5,583,058 4,108,486 5,583,058 16,907,394 Recently Adopted Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) 2014-09”), 2014-09 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date 2014-09 No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (“ASU 2016-08”), ASU 2014-09. No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing No. 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients (“ASU 2016-12”), non-cash 2014-09 2016-08, 2016-10 ASU 2016-12 2014-09. In May 2017, the FASB issued ASU No. 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting 2017-09”), 2017-09 Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases 2016-02”). 2016-02 right-of-use 2016-02 In June 2018, the FASB issued ASU No. 2018-07, Compensation-Stock Compensation (Topic 718)—Improvements to Nonemployee Share-Based Payment Accounting 2018-07”). non-employees 2014-09. 2018-07 |
Fair Value of Financial Assets
Fair Value of Financial Assets | 6 Months Ended |
Jun. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Assets | 3. Fair Value of Financial Assets The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values (in thousands): Fair Value Measurements at June 30, 2018 Using: Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ — $ 264,988 $ — $ 264,988 Total $ — $ 264,988 $ — $ 264,988 Fair Value Measurements at December 31, 2017 Using: Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ — $ 191,950 $ — $ 191,950 Total $ — $ 191,950 $ — $ 191,950 The table above as of June 30, 2018 excludes a certificate of deposit in the amount of $1.1 million that the Company held to secure a letter of credit associated with a lease (see Note 8). |
Accrued Expenses and Other Curr
Accrued Expenses and Other Current Liabilities | 6 Months Ended |
Jun. 30, 2018 | |
Payables and Accruals [Abstract] | |
Accrued Expenses and Other Current Liabilities | 4. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following (in thousands): June 30, 2018 December 31, 2017 Accrued external research and development expenses $ 8,170 $ 6,625 Accrued payroll and related expenses 2,888 2,233 Accrued professional fees 582 353 Accrued other 150 22 $ 11,790 $ 9,233 |
Income Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2018 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 5. Income Taxes Upon consummation of the Conversion on October 2, 2017, the Company became subject to corporate U.S. federal and state income taxes. Prior to the Conversion, the Company was treated as a partnership for income tax purposes and was not subject to U.S. federal or state income taxation. As a result, the Company had not recorded any U.S. federal or state income tax benefits prior to October 2, 2017 for the net losses incurred in each reporting period or for any earned research and orphan drug credits as the operating losses incurred by the Company had been passed through to its members. The Company has not recorded a tax benefit for its net losses in the three and six months ended June 30, 2018 or since its Conversion as the Company has provided a valuation allowance for the full amount of its net deferred tax assets because it was more likely than not that any future benefit from deductible temporary differences and net operating loss and tax credit carryforwards would not be realized. The Company had gross deferred tax assets of $10.8 million at December 31, 2017. On December 22, 2017, the Tax Cuts and Jobs Act (the “TCJA”) was signed into United States law. The TCJA includes a number of changes to existing tax law, including, among other things, a permanent reduction in the federal corporate income tax rate from a top marginal rate of 35% to a flat rate of 21%, effective as of January 1, 2018, as well as limitation of the deduction for net operating losses to 80% of annual taxable income and elimination of net operating loss carrybacks, in each case, for losses arising in taxable years beginning after December 31, 2017 (though any such net operating losses may be carried forward indefinitely). The Company remeasured certain deferred tax assets and liabilities at December 31, 2017 based on the rates at which they are expected to reverse in the future. The provisional amount related to the re-measurement In December 2017, the SEC staff issued Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act (SAB 118) which allows the Company to record provisional amounts during a measurement period not to extend beyond one year of the enactment date. Since the Act was passed late in the fourth quarter of 2017, and ongoing guidance and accounting interpretation are expected over the next 12 months, the Company considers the accounting for the effect of the TCJA to be provisional in accordance with SAB 118 at June 30, 2018. The Company has not recorded any amounts for unrecognized tax benefits as of June 30, 2018 or December 31, 2017. As of June 30, 2018 and December 31, 2017, the Company had no accrued interest or tax penalties recorded. The Company’s income tax return reporting periods since October 2, 2017 to present are open to income tax audit examination by the federal and state tax authorities. |
Notes Payable to Related Party
Notes Payable to Related Party | 6 Months Ended |
Jun. 30, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Notes Payable to Related Party | 6. Notes Payable to Related Party Notes payable to related party as of June 30, 2018 and December 31, 2017 consisted of outstanding borrowings under a loan agreement and a security agreement (together, the “CRL Construction Loan”) with Clinical Reference Laboratory, Inc. (“CRL”), a related party (see Note 10), as follows (in thousands): June 30, 2018 December 31, 2017 Notes payable to related party $ 1,388 $ 1,481 Less: Current portion (187 ) (187 ) Notes payable to related party, net of current portion $ 1,201 $ 1,294 Total interest expense was less than $0.1 million for each of the three and six months ended June 30, 2018 and 2017. |
Stock-Based Awards
Stock-Based Awards | 6 Months Ended |
Jun. 30, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Stock-Based Awards | 7. Stock-Based Awards The Company grants stock-based awards under its 2017 Stock Option and Incentive Plan (the “2017 Plan”) and is authorized to issue common stock under its 2017 Employee Stock Purchase Plan (“ESPP”). The Company also has outstanding stock options under its 2015 Equity Incentive Plan but is no longer granting awards under this plan. As of June 30, 2018, 2,372,386 shares of common stock were available for issuance under the 2017 Plan. As of June 30, 2018, 632,666 shares of common stock were available for issuance to participating employees under the ESPP. Stock-based compensation expense was classified in the statements of operations and comprehensive loss as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Research and development expenses $ 983 $ 202 $ 1,945 $ 338 General and administrative expenses 1,249 392 2,324 672 $ 2,232 $ 594 $ 4,269 $ 1,010 As of June 30, 2018, total unrecognized compensation cost related to the unvested share-based awards was $25.1 million, which is expected to be recognized over a weighted average of 2.2 years. |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 8. Commitments and Contingencies Leases The Company has a three-year sublease agreement for office space in Waltham, Massachusetts that began in September 2016 and expires in September 2019. The Company has two five-year lease agreements for office and laboratory space in Lawrence, Kansas that began on January 1, 2016 and expire on December 31, 2020. During 2017, the Company entered into two leases for additional office space in Lawrence, Kansas, that will expire in December 2020, with annual payments due of $0.1 million. Payment escalations specified in the lease agreements are accrued, and rent expense is recognized on a straight-line basis over the terms of occupancy. The Company recorded rent expense of $0.2 million during each of the three months ended June 30, 2018 and 2017 and $0.4 million and $0.3 million during the six months ended June 30, 2018 and 2017, respectively. The following table summarizes the future minimum lease payments due under the operating leases as of June 30, 2018 (in thousands): Remainder of 2018 $ 338 2019 578 2020 374 $ 1,290 Build-to-suit In May 2018, the Company entered into a lease for office space in Waltham, Massachusetts. The lease term is expected to commence on May 1, 2019 and expires 10 years and 7 months from the commencement date, unless terminated earlier in accordance with the terms of the lease. The Company is entitled to two five-year options to extend. The initial annual base rent is approximately $2.0 million and will increase annually. The Company is obligated to pay its portion of real estate taxes and costs related to the premises, including costs of operations, maintenance, repair, replacement and management of the new leased premises. The Company is required to maintain a cash balance of $1.1 million to secure a letter of credit associated with the lease. This amount was classified as long-term investment—restricted in the consolidated balance sheet as of June 30, 2018. The Company is not the legal owner of the leased space. However, in accordance with ASC 840, Leases, the Company is deemed to be the owner of the leased space during the construction period because of certain provisions within the lease agreement. As a result, as of June 30, 2018, the Company capitalized approximately $17.0 million (equal to the estimated cost of its leased portion of the premises) as construction-in-progress build-to-suit As of June 30, 2018, minimum commitments under this lease are as follows (in thousands): Year Ending December 31, 2019 $ 170 2020 2,039 2021 2,084 2022 2,128 2023 2,172 Thereafter 13,756 $ 22,349 KBA Grants Prior to 2014, the Company received funding from two research and development grants from the KBA totaling $2.0 million and no further amounts will be received under these grants. Pursuant to Kansas law, the Company may be required to repay some or all of the financial assistance received from the KBA, subject to the discretion of the KBA, if the Company relocates the operations in which the KBA invested outside of the State of Kansas, if the Company initiates procedures to dissolve and wind up or cease operations within ten years after receiving such financial assistance, or upon certain significant changes to ownership of the Company. The Company will only account for the repayment of the grants if it becomes probable that the Company will be required to repay any funds previously received. Legal Proceedings The Company is not currently a party to any material legal proceedings. At each reporting date, the Company evaluates whether or not a potential loss amount or a potential range of loss is probable and reasonably estimable under the provisions of the authoritative guidance that addresses accounting for contingencies. The Company expenses the costs related to its legal proceedings as they are incurred. Indemnification Agreements In the ordinary course of business, the Company may provide indemnification of varying scope and terms to vendors, lessors, business partners and other parties with respect to certain matters including, but not limited to, losses arising out of breach of such agreements or from intellectual property infringement claims made by third parties. In addition, the Company has entered into indemnification agreements with members of its board of directors and senior management that will require the Company, among other things, to indemnify them against certain liabilities that may arise by reason of their status or service as directors or officers. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is, in many cases, unlimited. To date, the Company has not incurred any material costs as a result of such indemnifications. The Company is not aware of any claims under indemnification arrangements, and it has not accrued any liabilities related to such obligations in its consolidated financial statements as of June 30, 2018 or December 31, 2017. |
401(k) Savings Plan
401(k) Savings Plan | 6 Months Ended |
Jun. 30, 2018 | |
Retirement Benefits [Abstract] | |
401(k) Savings Plan | 9. 401(k) Savings Plan Effective January 1, 2018, the Company adopted the Deciphera Pharmaceuticals 401(k) Plan (the “2018 401(k) Plan”), a defined contribution plan under Section 401(k) of the Internal Revenue Code, whereby the Company provides matching contributions of 100% of each employee’s contribution up to a maximum matching contribution of 3% of the employee’s eligible compensation and at a rate of 50% of each employee’s contribution in excess of 3% up to a maximum of 5% of the employee’s eligible compensation. Prior to January 1, 2018, the Company had a defined contribution plan that was managed by CRL, a related party (the “CRL 401(k) Plan”). Effective January 1, 2018, employees’ and former employees’ accounts were transitioned from the CRL 401(k) Plan to the 2018 401(k) Plan. Under the CRL 401(k) Plan, the Company provided matching contributions up to 50% of actual dollars contributed, not to exceed a maximum of 6% of gross wages, subject to certain time-based vesting requirements. Total employer matching contributions related to these plans were $0.1 million and less than $0.1 million, respectively, for the three months ended June 30, 2018 and 2017 and $0.2 million and $0.1 million, respectively, for the six months ended June 30, 2018 and 2017. |
Related Parties
Related Parties | 6 Months Ended |
Jun. 30, 2018 | |
Related Party Transactions [Abstract] | |
Related Parties | 10. Related Parties Clinical Reference Laboratory, Inc. One of the members of the Company’s board of directors is the Chief Executive Officer of CRL. CRL is the owner of approximately 31% of Brightstar, a holder of more than 5% of the Company’s common stock. The Company is a party to a loan agreement and a security agreement, each dated as of June 11, 2010, with CRL. The Company borrowed an aggregate of $2.8 million under the loan agreement to finance improvements to the Company’s biology and chemistry laboratories in Lawrence, Kansas. In December 2016, the loan was assigned to CHC, Inc., a related party, which owns 100% of CRL. Borrowings under the loan bear interest at a fixed rate equal to 6.0% per annum and the Company is required to make monthly payments of principal and interest, based on a 15-year The Company is party to a master services agreement, effective as of May 20, 2013, with CRL under which the Company purchased and expects to continue to purchase laboratory services. Under the agreement, the Company has agreed to use CRL on an exclusive basis for laboratory testing needs. For the three months ended June 30, 2018 and 2017, the Company recorded $0.3 million and $0.1 million, respectively, of research and development expense incurred under this agreement, of which $0.3 million and less than $0.1 million, respectively, was paid to CRL during each those same periods. For the six months ended June 30, 2018 and 2017, the Company recorded $0.4 million and $0.2 million, respectively, of research and development expense incurred under this agreement, of which $0.4 million and less than $0.1 million, respectively, was paid to CRL during each those same periods. As of June 30, 2018 and December 31, 2017, total amounts owed to CRL for laboratory services were $0.2 million and $0.1 million, respectively, which amounts were included in accounts payable and accrued expenses. The Company is not committed to purchase any minimum amounts under the agreement. In 2015, the Company entered into an agreement with CRL under which the Company became a participating employer in CRL’s 401(k) plan. Effective January 1, 2018, the Company adopted the 2018 401(k) Plan to which employees’ and former employees’ accounts were transitioned from the CRL 401(k) Plan. For the three and six months ended June 30, 2018, no contributions were made by employees of the Company to the CRL 401(k) Plan. For the three and six months ended June 30, 2017, the total amount of contributions made by employees of the Company under the CRL 401(k) Plan was $0.2 million and $0.4 million, respectively. |
Summary of Significant Accoun16
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2018 | |
Accounting Policies [Abstract] | |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Significant estimates and assumptions reflected in these consolidated financial statements include, but are not limited to, the accrual for research and development expenses, the valuation of common stock prior to the Company’s IPO, and the valuation of stock-based awards. Estimates are periodically reviewed in light of changes in circumstances, facts and experience. Changes in estimates are recorded in the period in which they become known. Actual results could differ from those estimates. |
Unaudited Interim Financial Information | Unaudited Interim Financial Information The consolidated balance sheet at December 31, 2017 was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. The accompanying unaudited consolidated financial statements as of June 30, 2018 and for the three and six months ended June 30, 2018 and 2017 have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The Company believes, however, that the disclosures are adequate to make the information presented not misleading. These consolidated financial statements should be read in conjunction with the Company’s audited financial statements and the notes thereto for the year ended December 31, 2017 included in the Company’s Annual Report on Form 10-K |
Fair Value Measurements | Fair Value Measurements Certain assets and liabilities are carried at fair value under GAAP. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. Financial assets and liabilities carried at fair value are to be classified and disclosed in one of the following three levels of the fair value hierarchy, of which the first two are considered observable and the last is considered unobservable: • Level 1—Quoted prices in active markets for identical assets or liabilities. • Level 2—Observable inputs (other than Level 1 quoted prices), such as quoted prices in active markets for similar assets or liabilities, quoted prices in markets that are not active for identical or similar assets or liabilities, or other inputs that are observable or can be corroborated by observable market data. • Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to determining the fair value of the assets or liabilities, including pricing models, discounted cash flow methodologies and similar techniques. The Company’s cash equivalents are carried at fair value, determined according to the fair value hierarchy described above (see Note 3). The carrying values of the Company’s accounts payable and accrued expenses approximate their fair values due to the short-term nature of these liabilities. The fair value of the Company’s outstanding notes payable to related party (see Note 6) as of June 30, 2018 and December 31, 2017 approximated $1.2 million. The fair value of the outstanding debt was estimated using a discounted cash flow analysis based on current market interest rates for debt issuances with similar remaining years to maturity, adjusted for credit risk, which represents a Level 3 measurement. |
Comprehensive Loss | Comprehensive Loss Comprehensive loss includes net loss as well as other changes in members’ deficit that result from transactions and economic events other than those with shareholders. There was no difference between net loss and comprehensive loss for each of the periods presented in the accompanying financial statements. |
Net Loss per Share | Net Loss per Share Basic net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of common shares outstanding for the three and six months ended June 30, 2018. Diluted net income (loss) per share is computed by dividing the diluted net income (loss) by the weighted average number of common shares, including potential dilutive common shares assuming the dilutive effect of outstanding stock options and unvested restricted common stock, as determined using the treasury stock method. The Company did not have any common shares outstanding during the three and six months ended June 30, 2017. To determine the weighted average shares outstanding for purpose of calculating net loss per share during those periods, the Company used the weighted average number of Series A convertible preferred shares outstanding because such shares represented the most subordinate share class outstanding during those periods. Share amounts for periods prior to the IPO have been retrospectively adjusted to give effect to the exchange of Series A convertible preferred shares into shares of common stock upon the Conversion (see Note 1). For periods in which the Company has reported net losses, diluted net loss per common share is the same as basic net loss per common share, since dilutive common shares are not assumed to have been issued if their effect is antidilutive. The Company reported a net loss for the three and six months ended June 30, 2018 and 2017. The following potential dilutive securities, presented based on amounts outstanding at the end of each reporting period, have been excluded from the calculation of diluted net loss per share because including them would have had an anti-dilutive impact: As of June 30, 2018 2017 Series B convertible preferred shares (as converted to common shares) — 8,898,527 Series C convertible preferred shares (as converted to common shares) — 3,900,381 Options to purchase common stock 5,583,058 4,108,486 5,583,058 16,907,394 |
Recently Adopted and Recently Issued Accounting Pronouncements | Recently Adopted Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) 2014-09”), 2014-09 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date 2014-09 No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (“ASU 2016-08”), ASU 2014-09. No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing No. 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients (“ASU 2016-12”), non-cash 2014-09 2016-08, 2016-10 ASU 2016-12 2014-09. In May 2017, the FASB issued ASU No. 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting 2017-09”), 2017-09 Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases 2016-02”). 2016-02 right-of-use 2016-02 In June 2018, the FASB issued ASU No. 2018-07, Compensation-Stock Compensation (Topic 718)—Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018-07”), 2018-07 |
Summary of Significant Accoun17
Summary of Significant Accounting Policies (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Accounting Policies [Abstract] | |
Summary of Potential Dilutive Securities | The following potential dilutive securities, presented based on amounts outstanding at the end of each reporting period, have been excluded from the calculation of diluted net loss per share because including them would have had an anti-dilutive impact: As of June 30, 2018 2017 Series B convertible preferred shares (as converted to common shares) — 8,898,527 Series C convertible preferred shares (as converted to common shares) — 3,900,381 Options to purchase common stock 5,583,058 4,108,486 5,583,058 16,907,394 |
Fair Value of Financial Assets
Fair Value of Financial Assets (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis | The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values (in thousands): Fair Value Measurements at June 30, 2018 Using: Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ — $ 264,988 $ — $ 264,988 Total $ — $ 264,988 $ — $ 264,988 Fair Value Measurements at December 31, 2017 Using: Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ — $ 191,950 $ — $ 191,950 Total $ — $ 191,950 $ — $ 191,950 |
Accrued Expenses and Other Cu19
Accrued Expenses and Other Current Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Payables and Accruals [Abstract] | |
Schedule of Accrued Expenses and Other Current Liabilities | Accrued expenses and other current liabilities consisted of the following (in thousands): June 30, 2018 December 31, 2017 Accrued external research and development expenses $ 8,170 $ 6,625 Accrued payroll and related expenses 2,888 2,233 Accrued professional fees 582 353 Accrued other 150 22 $ 11,790 $ 9,233 |
Notes Payable to Related Party
Notes Payable to Related Party (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Schedule of Notes Payable to Related Party | Notes payable to related party as of June 30, 2018 and December 31, 2017 consisted of outstanding borrowings under a loan agreement and a security agreement (together, the “CRL Construction Loan”) with Clinical Reference Laboratory, Inc. (“CRL”), a related party (see Note 10), as follows (in thousands): June 30, 2018 December 31, 2017 Notes payable to related party $ 1,388 $ 1,481 Less: Current portion (187 ) (187 ) Notes payable to related party, net of current portion $ 1,201 $ 1,294 |
Stock-Based Awards (Tables)
Stock-Based Awards (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Classification of Stock-Based Compensation Expense | Stock-based compensation expense was classified in the statements of operations and comprehensive loss as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Research and development expenses $ 983 $ 202 $ 1,945 $ 338 General and administrative expenses 1,249 392 2,324 672 $ 2,232 $ 594 $ 4,269 $ 1,010 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Summary of Future Minimum Lease Payments under Operating Leases | The following table summarizes the future minimum lease payments due under the operating leases as of June 30, 2018 (in thousands): Remainder of 2018 $ 338 2019 578 2020 374 $ 1,290 |
Summary of Future Minimum Lease Payments | As of June 30, 2018, minimum commitments under this lease are as follows (in thousands): Year Ending December 31, 2019 $ 170 2020 2,039 2021 2,084 2022 2,128 2023 2,172 Thereafter 13,756 $ 22,349 |
Nature of the Business and Ba23
Nature of the Business and Basis of Presentation - Additional Information (Detail) $ / shares in Units, $ in Thousands | Jun. 20, 2018USD ($)$ / sharesshares | Jun. 11, 2018USD ($)$ / sharesshares | Oct. 04, 2017USD ($)$ / sharesshares | Oct. 02, 2017USD ($)$ / sharesshares | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Dec. 31, 2017USD ($) |
Nature Of Business And Basis Of Presentation [Line Items] | |||||||||
Share conversion ratio | 5.65 | ||||||||
Proceeds from additional offering of shares | $ 185,932 | ||||||||
Accumulated deficit | $ (238,989) | (238,989) | $ (195,869) | ||||||
Cash and cash equivalents | 346,527 | 346,527 | 196,754 | ||||||
Recurring losses including net losses | $ 21,690 | $ 10,625 | $ 43,120 | $ 18,334 | $ 50,300 | ||||
Common Stock [Member] | |||||||||
Nature Of Business And Basis Of Presentation [Line Items] | |||||||||
Net proceeds from initial public offering | $ 24,300 | $ 161,000 | |||||||
IPO [Member] | |||||||||
Nature Of Business And Basis Of Presentation [Line Items] | |||||||||
Number of additional shares issued and sold | shares | 7,500,000 | ||||||||
Additional offering price of common stock | $ / shares | $ 17 | ||||||||
Net proceeds from initial public offering | $ 114,100 | ||||||||
IPO [Member] | Common Stock [Member] | |||||||||
Nature Of Business And Basis Of Presentation [Line Items] | |||||||||
Number of additional shares issued and sold | shares | 645,000 | 4,300,000 | |||||||
Additional offering price of common stock | $ / shares | $ 40 | $ 40 | |||||||
Over-Allotment Option [Member] | |||||||||
Nature Of Business And Basis Of Presentation [Line Items] | |||||||||
Number of additional shares issued and sold | shares | 666,496 | ||||||||
Additional offering price of common stock | $ / shares | $ 17 | ||||||||
Proceeds from additional offering of shares | $ 10,500 |
Summary of Significant Accoun24
Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions | Jun. 30, 2018 | Dec. 31, 2017 | Jun. 30, 2017 |
Significant Accounting Policies [Line Items] | |||
Common stock, shares outstanding | 37,633,450 | 32,591,686 | |
No Par Value Common Stock [Member] | |||
Significant Accounting Policies [Line Items] | |||
Common stock, shares outstanding | 0 | ||
CRL Construction Loan [Member] | |||
Significant Accounting Policies [Line Items] | |||
Fair value of outstanding notes payable to related party | $ 1.2 | $ 1.2 |
Summary of Significant Accoun25
Summary of Significant Accounting Policies - Summary of Potential Dilutive Securities (Detail) - shares | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potential dilutive securities excluded from computation of diluted net loss per common share | 5,583,058 | 16,907,394 |
Series B Convertible Preferred Shares [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potential dilutive securities excluded from computation of diluted net loss per common share | 8,898,527 | |
Series C Convertible Preferred Shares [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potential dilutive securities excluded from computation of diluted net loss per common share | 3,900,381 | |
Options to Purchase Common Shares [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potential dilutive securities excluded from computation of diluted net loss per common share | 5,583,058 | 4,108,486 |
Fair Value of Financial Asset26
Fair Value of Financial Assets - Schedule of Financial Assets Measured at Fair Value on a Recurring Basis (Detail) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Cash equivalents: | ||
Total Cash equivalents | $ 264,988 | $ 191,950 |
Money Market Funds [Member] | ||
Cash equivalents: | ||
Total Cash equivalents | 264,988 | 191,950 |
Level 2 [Member] | ||
Cash equivalents: | ||
Total Cash equivalents | 264,988 | 191,950 |
Level 2 [Member] | Money Market Funds [Member] | ||
Cash equivalents: | ||
Total Cash equivalents | $ 264,988 | $ 191,950 |
Fair Value of Financial Asset27
Fair Value of Financial Assets - Additional Information (Detail) $ in Millions | Jun. 30, 2018USD ($) |
Letter of Credit [Member] | |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | |
Certificate of deposit | $ 1.1 |
Accrued Expenses and Other Cu28
Accrued Expenses and Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Accounts Payable and Accrued Liabilities [Abstract] | ||
Accrued external research and development expenses | $ 8,170 | $ 6,625 |
Accrued payroll and related expenses | 2,888 | 2,233 |
Accrued professional fees | 582 | 353 |
Accrued other | 150 | 22 |
Accrued Expenses and Other Current Liabilities | $ 11,790 | $ 9,233 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended |
Jun. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |||
Current provision for income taxes | $ 0 | $ 0 | |
Total gross deferred tax assets | $ 10,800,000 | ||
Federal statutory income tax rate | 21.00% | 35.00% | |
Percentage of net operating loss carry forward deductible from current year taxable income | 80.00% | ||
Decrease in deferred tax asset due to Tax Cuts and Jobs Act | $ 3,100,000 | ||
Provisional income tax expense (benefit) | 0 | ||
Unrecognized tax benefits | 0 | $ 0 | 0 |
Accrued interest recorded | $ 0 | 0 | 0 |
Tax penalties recorded | $ 0 | $ 0 |
Notes Payable to Related Part30
Notes Payable to Related Party - Schedule of Notes Payable to Related Party (Detail) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Related Party Transaction [Line Items] | ||
Less: Current portion | $ (187) | $ (187) |
Notes payable to related party, net of current portion | 1,201 | 1,294 |
CRL Construction Loan [Member] | ||
Related Party Transaction [Line Items] | ||
Notes payable to related party | 1,388 | 1,481 |
Less: Current portion | (187) | (187) |
Notes payable to related party, net of current portion | $ 1,201 | $ 1,294 |
Notes Payable to Related Part31
Notes Payable to Related Party - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
CRL Construction Loan [Member] | Maximum [Member] | ||||
Related Party Transaction [Line Items] | ||||
Total interest expense | $ 100,000 | $ 100,000 | $ 100,000 | $ 100,000 |
Stock-Based Awards - Additional
Stock-Based Awards - Additional Information (Detail) $ in Millions | Jun. 30, 2018USD ($)shares |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Unrecognized compensation cost related to unvested share-based awards | $ | $ 25.1 |
Unrecognized compensation cost related to unvested share-based awards, period for recognition | 2 years 2 months 12 days |
2017 Stock Option and Incentive Plan [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Common stock available for issuance | 2,372,386 |
Employee Stock Purchase Plan (ESPP) [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Common stock available for issuance | 632,666 |
Stock-Based Awards - Classifica
Stock-Based Awards - Classification of Stock-Based Compensation Expense (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based compensation expense | $ 2,232 | $ 594 | $ 4,269 | $ 1,010 |
Research and Development Expenses [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based compensation expense | 983 | 202 | 1,945 | 338 |
General and Administrative Expenses [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based compensation expense | $ 1,249 | $ 392 | $ 2,324 | $ 672 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) | Dec. 31, 2013USD ($)award | Dec. 31, 2015Lease | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Dec. 31, 2017USD ($)Lease | Dec. 31, 2013USD ($) |
Other Commitments [Line Items] | ||||||||
Rent expense | $ 200,000 | $ 200,000 | $ 400,000 | $ 300,000 | ||||
Lease term | 10 years 7 months | 10 years 7 months | ||||||
Lease commencement period | 2019-05 | |||||||
Lessee, finance lease, existence of option to extend | true | |||||||
Lessee, finance lease, existence of option to terminate | true | |||||||
Options to extend terms of the lease | Two five-year | |||||||
Initial annual base rent | $ 2,000,000 | |||||||
Company capitalized construction-in-progress lease financing obligation | 17,028,000 | |||||||
Current portion of the lease financing obligation | $ 100,000 | 100,000 | ||||||
Long-term lease liability, net of current portion | 16,896,000 | 16,896,000 | ||||||
Cash [Member] | Letter of Credit [Member] | ||||||||
Other Commitments [Line Items] | ||||||||
Cash balance to secure letter of credit associated with lease | $ 1,100,000 | $ 1,100,000 | ||||||
KBA Grants [Member] | ||||||||
Other Commitments [Line Items] | ||||||||
Number of awards grants | award | 2 | |||||||
Amount of grants awarded | $ 2,000,000 | $ 0 | ||||||
Sublease Agreement for Office Space in Waltham, Massachusetts [Member] | ||||||||
Other Commitments [Line Items] | ||||||||
Sublease term | 3 years | |||||||
Sublease expiration date | Sep. 30, 2019 | |||||||
Lease for Additional Office Space in Lawrence, Kansas [Member] | ||||||||
Other Commitments [Line Items] | ||||||||
Number of lease agreement | Lease | 2 | |||||||
Operating lease expiry date | Dec. 31, 2020 | |||||||
Annual payments | $ 100,000 | |||||||
Lease Agreement for Office and Laboratory Space in Lawrence, Kansas [Member] | ||||||||
Other Commitments [Line Items] | ||||||||
Number of lease agreement | Lease | 2 | |||||||
Operating lease expiry date | Dec. 31, 2020 | |||||||
Lease term | 5 years |
Commitments and Contingencies35
Commitments and Contingencies - Summary of Future Minimum Lease Payments under Operating Leases (Detail) $ in Thousands | Jun. 30, 2018USD ($) |
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | |
Remainder of 2018 | $ 338 |
2,019 | 578 |
2,020 | 374 |
Future minimum lease payments due | $ 1,290 |
Commitments and Contingencies36
Commitments and Contingencies - Future Minimum Lease Payments Commitments Lease (Detail) $ in Thousands | Jun. 30, 2018USD ($) |
Contractual Obligation, Fiscal Year Maturity Schedule [Abstract] | |
2,019 | $ 170 |
2,020 | 2,039 |
2,021 | 2,084 |
2,022 | 2,128 |
2,023 | 2,172 |
Thereafter | 13,756 |
Total | $ 22,349 |
401(k) Savings Plan - Additiona
401(k) Savings Plan - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Defined Contribution Plan Disclosure [Line Items] | ||||
Percentage of matching contribution to plan | 50.00% | |||
Clinical Reference Laboratory, Inc. [Member] | ||||
Defined Contribution Plan Disclosure [Line Items] | ||||
Defined contribution plan description | Effective January 1, 2018, the Company adopted the Deciphera Pharmaceuticals 401(k) plan (the “2018 401(k) Plan”), a defined contribution plan under Section 401(k) of the Internal Revenue Code, whereby the Company provides matching contributions of 100% of each employee’s contribution up to a maximum matching contribution of 3% of the employee’s eligible compensation and at a rate of 50% of each employee’s contribution in excess of 3% up to a maximum of 5% of the employee’s eligible compensation. | |||
Percentage of matching contribution to plan | 100.00% | |||
Matching contributions to the plan by employer | $ 100,000 | $ 200,000 | $ 100,000 | |
Maximum [Member] | ||||
Defined Contribution Plan Disclosure [Line Items] | ||||
Percentage of salary for matching contribution per employee on time-based vesting | 5.00% | |||
Maximum [Member] | Clinical Reference Laboratory, Inc. [Member] | ||||
Defined Contribution Plan Disclosure [Line Items] | ||||
Percentage of matching contribution to plan | 50.00% | |||
Employee earnings subject to employer match | 3.00% | |||
Percentage of salary for matching contribution per employee | 6.00% | |||
Matching contributions to the plan by employer | $ 100,000 | |||
Minimum [Member] | ||||
Defined Contribution Plan Disclosure [Line Items] | ||||
Percentage of salary for matching contribution per employee on time-based vesting | 3.00% |
Related Parties - Additional In
Related Parties - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | Dec. 31, 2016 | |
Related Party Transaction [Line Items] | ||||||
Research and development expense | $ 17,976,000 | $ 8,446,000 | $ 34,901,000 | $ 14,105,000 | ||
Clinical Reference Laboratory, Inc. [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Payments for research and development expense | 300,000 | 400,000 | ||||
Laboratory services | 200,000 | 200,000 | $ 100,000 | |||
Clinical Reference Laboratory, Inc. [Member] | Loan and Security Agreement [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Aggregate borrowings | 2,800,000 | 2,800,000 | ||||
Debt instrument principal and interest payment | 100,000 | 100,000 | 100,000 | 100,000 | ||
Principal amount owed under loan agreement | 1,400,000 | 1,400,000 | $ 1,500,000 | |||
Clinical Reference Laboratory, Inc. [Member] | Service Agreement [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Research and development expense | 300,000 | 100,000 | 400,000 | 200,000 | ||
Employees contributions under 401(K) plan | 200,000 | 400,000 | ||||
Clinical Reference Laboratory, Inc. [Member] | Maximum [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Payments for research and development expense | 100,000 | 100,000 | ||||
Clinical Reference Laboratory, Inc. [Member] | Maximum [Member] | Clinical Reference Laboratory, Inc. [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Interest expense on borrowings | $ 100,000 | $ 100,000 | $ 100,000 | $ 100,000 | ||
Clinical Reference Laboratory, Inc. [Member] | CHC, Inc. [Member] | Loan and Security Agreement [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Ownership percentage | 100.00% | |||||
Fixed interest rate | 6.00% | |||||
Debt instrument payment term | 15-year straight-line amortization schedule | |||||
Debt instrument term | 15 years | |||||
Clinical Reference Laboratory, Inc. [Member] | Brightstar [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Ownership percentage | 31.00% | 31.00% | ||||
Clinical Reference Laboratory, Inc. [Member] | Brightstar [Member] | Minimum [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Percentage of common stock holding | 5.00% |